Get a quick estimate of your monthly mortgage payment. This is a simplified planning tool. For an exact, personalized quote, connect with a licensed mortgage professional.
In Canada, minimum down payments are typically 5% on homes under $500,000, with higher tiers required above that. Homes over $1,500,000 generally require at least 20% down. A mortgage professional can confirm exact requirements for your situation.
Pre-qualification is a rough estimate based on self-reported numbers. Pre-approval involves your lender verifying documents and typically holding a rate for you, which is what sellers want to see with an offer.
If your down payment is less than 20% of the purchase price, your lender will typically require mortgage default (CMHC or private) insurance, added to your mortgage.
Fixed rates offer predictable payments for your term. Variable rates can move with the market and may save money long-term but carry more short-term uncertainty. The right choice depends on your comfort with risk and your timeline.
Yes. Reach out and I'll happily connect you with a trusted mortgage broker or lender I've worked with before.
Knowing your numbers is the first step to a confident offer. I'll connect you with a trusted lender to get started.
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